Perfecto Heads into 2018 with Strong Momentum after Record Year

BOSTON--(EON: Enhanced Online News)--Perfecto,
the leading continuous testing and monitoring platform for optimizing
DevOps pipelines, today announced a more than 30 percent increase in
revenue growth in 2017. Perfecto expanded its customer base, adding
dozens of new customers and significantly expanded relationships within
its existing customer portfolio. Thirty percent of the Fortune 500
financial companies are Perfecto customers.

“2017 was a banner year for Perfecto and we are humbled by the support
we received from so many enterprises in choosing our solutions to help
them achieve their business goals”

As organizations mature their agile practices and embrace DevOps,
developers are taking on greater responsibility for app quality as they
focus on improving development velocity. Perfecto’s momentum in 2017
demonstrates the critical role the company plays in addressing the
market need for technologies that empower enterprises to accelerate
delivery of new features to consumers across industries and platforms.

Contributing to Perfecto’s record year, the company experienced
significant growth driven by its web testing business and Internet of
Things (IoT) proliferation. Perfecto’s web testing tools, introduced
in 2016, continue to be the organization’s fastest growing area of
business. Web testing grew by 240 percent year-on-year, demonstrating
the trust enterprises have in Perfecto as they strive to deliver
consistent user experiences across both mobile and desktop platforms.
Automotive, healthcare and home industry providers are redefining their
offerings to leverage internet connectivity. Their embrace of IoT has
resulted in tremendous growth for Perfecto. Consumer demand for
connectivity features in new vehicles is creating Perfecto’s
fastest-growing, and third-largest, industry vertical in 2017.

“2017 was a banner year for Perfecto and we are humbled by the support
we received from so many enterprises in choosing our solutions to help
them achieve their business goals,” said Eran Yaniv, CEO at Perfecto.
“DevOps adoption is accelerating Perfecto’s profitable growth and
affirming our commitment to deliver the market leading cloud platform
for continuous testing across web, mobile and IoT. The market’s adoption
of responsive web design is propelling our web testing business
positioning us for strong growth.”

“Business leaders are recognizing that quality is a no compromise
component of their digital brand experience,” said Jim Moran, Executive
Chairman at Perfecto. “Perfecto is poised to thrive as digital
transformation initiatives push software teams across virtually every
industry to innovate with new approaches. The market is calling for an
800 pound gorilla and we look forward to taking that role.”

Key Executive Additions: Perfecto’s appointed Michael Carus as CFO
in July, who brings more than 20 years of experience as a technology
industry executive to the company. Jim Moran joined
Perfecto’s board of directors as executive chairman to help the
company accelerate its profitable growth as enterprises re-align teams
to mature DevOps agile initiatives.

Global Expansion: Perfecto expanded support for U.S. and
international customers with the opening of a new, global Network
Operations Center in Lowell, MA and adding desktop browser support in
Germany and Australia, bringing its total data center count to 13
locations internationally.

Developer-focused offerings: Perfecto launched new tools for
developers that accelerate the web and mobile app development process
through faster debugging and troubleshooting. Perfecto's cloud-based Continuous
Quality Lab delivers new tools offering network traffic analysis
and support for developer-friendly test frameworks across platforms,
providing fast feedback to mobile and web developers, and development
teams.

Reporting Features: Perfecto announced enhancements to its Digital
Zoom™ Reporting tool, including a new integration with Slack to
help dev teams triage issues faster, as well as a Continuous
Integration (CI) Dashboard to simplify quality reporting for
management.

Award-winning Partnerships: Perfecto continued to partner with
leading global system integrators to help organizations realize their
business objectives. In 2017, Perfecto selectedTata
Consultancy Services (TCS) as the recipient of its annual Global
System Integrator Partner of the Year, recognizing its success in
enabling digital transformation initiatives and leveraging Perfecto’s
technology to deliver innovations to market faster.

Industry Recognition: Ranked by Deloitte’s
Technology Fast 500™ - Perfecto was listed as one of the 500
fastest-growing technology, media, telecommunications, life sciences
and energy tech companies in North America.

About PerfectoPerfecto's Continuous Quality Lab enables
DevOps teams to accelerate development, achieve continuous testing and
monitoring, and drive fast feedback through actionable analytics for
web, mobile and IoT apps. More than 3,000 customers rely on Perfecto’s
cloud based Continuous Quality Lab as their digital app test environment
and for authoring test automation executed on real browsers, smart
phones and devices under real end-user conditions. For more information
about Perfecto, visit perfectomobile.com, join our community, or follow
us on Twitter at @PerfectoMobile.

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